Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 1: Awarding scholarships and sponsoring sports by a business organization are example of? Options:
  A) advertising strategy
  B) economic responsibility
  C) marketing strategy
  D) social responsibility
  Show Answer
  The correct answer is D .
• Question 2: The primary memory component of a computer is the? Options:
  A) cache
  B) console
  C) assemblers
  D) compilers
  Show Answer
  The correct answer is A .
• Question 3: The financial index which compares current assets directly with current liabilities is known as current Options:
  A) turnover
  B) capital
  C) ratio
  D) balance
  Show Answer
  The correct answer is C .
• Question 4: The document issued to a port authority when goods are deposited is a? Options:
  A) dock landing account
  B) bill of sight
  C) bill of lading
  D) dock warrant
  Show Answer
  The correct answer is D .
• Question 5: The assembling of products into usable forms is known as Options:
  A) creation
  B) manufacturing
  C) construction
  D) formation
  Show Answer
  The correct answer is C .
• Question 6:

  The headquarters of Niger Basin Commission is located at________

  Options:
  A) Abuja
  B) Niamey
  C) Lome
  D) Nojamena
  Show Answer
  The correct answer is B .
• Question 7: Personnel activities that promote the general image of an organization are part of Options:
  A) advertising
  B) sales promotion
  C) public relations
  D) business correspondence
  Show Answer
  The correct answer is C .
• Question 8: The use of computer in modern banking industry is a reflection of Options:
  A) competitive development
  B) scientific development
  C) economic development
  D) technological development
  Show Answer
  The correct answer is D .
• Question 9: The deliberate effort geared towards discarding some cargoes in order to lighten the vessel is Options:
  A) caveat emptor
  B) uberrimae fidei
  C) demurrage
  D) jettison
  Show Answer
  The correct answer is D .
• Question 10: The temporary working area of the central processing unit is called the? Options:
  A) C-D ROM
  B) C-D RAM
  C) ROM
  D) RAM
  Show Answer
  The correct answer is B .